Jumbo Home Loans
A Jumbo home loan is just what it sounds like. Jumbo Home Loans are very large loans. You will need a Jumbo Home Loan if you are seeking a loan amount over $453,100. At Home Loans with Integrity we can offer these luxury home loans for as little as 10% down with NO PMI. Learn more about PMI and why you don’t want it.
What are Jumbo Home Loans?
Investopedia defines the Jumbo Home Loan as follows:
“A jumbo loan, also known as a jumbo mortgage, is a form of home financing for whose amount exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). Designed to finance luxury properties and homes in highly competitive local real estate markets, jumbo mortgages come with unique underwriting requirements and tax implications. Jumbo mortgages are gaining traction as the housing market continues to recover following the Great Recession.
Don’t Pay PMI
Check out this video where Ryan Bazzell explains PMI and why you don’t want it.
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